Current Affairs 29th January 2025
Current Affairs 29th January 2025 by Saurabh Pandey Sir
DeepSeek’s Emergence in the AI Industry
🚀 New Entrant Chinese start-up DeepSeek has introduced advanced AI models, creating a buzz in the tech industry by competing with leading U.S. companies.
💰 Cost-Effective Solutions DeepSeek’s AI model, DeepSeek-R1, is touted as more economical than OpenAI’s GPT-4, with training expenses reportedly below $6 million.
📉 Market Impact The launch has led to a significant decline in tech stocks, including a historic $500 billion loss for Nvidia, impacting global markets. Founded in 2023 by Liang Wenfeng in Hangzhou, DeepSeek is supported by the quantitative hedge fund High-Flyer, though financial specifics are not disclosed. Summary: DeepSeek, a burgeoning Chinese AI start-up, is challenging U.S. tech leaders with its cost-effective models, causing notable market disruptions and competitive concerns
🏢 Founding Background
🔍 Experts are skeptical about DeepSeek’s cost claims and its access to Nvidia chips, highlighting potential cybersecurity issues. Skepticism and Concerns
🏆 DeepSeek’s AI Assistant, powered by DeepSeek-v3, has overtaken OpenAI’s ChatGPT as the top-rated free app on Apple’s App Store
